{"id":22605,"date":"2025-04-17T17:17:00","date_gmt":"2025-04-17T17:17:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22605"},"modified":"2025-04-17T17:17:00","modified_gmt":"2025-04-17T17:17:00","slug":"solana-surges-4-5-as-canada-launches-first-spot-etfs","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22605","title":{"rendered":"Solana Surges 4.5% as Canada Launches First Spot ETFs"},"content":{"rendered":"
\n

Global economic tensions and trade policy uncertainties continue to create volatility in the crypto market, with SOL navigating these challenges better than many alternatives. <\/p>\n

Solana token’s price rose more than 4% on Thursday, while the broader market gauge, CoinDesk 20, rose about 3%. <\/p>\n

The $125-$127 range for SOL has emerged as a critical support zone that successfully rejected multiple downside attempts, while the $133.50-$133.60 area represents significant resistance, according to CoinDesk Research’s technical analysis model. <\/p>\n

Blockchain data shows over 32 million SOL (more than 5% of the total supply) accumulated at the $129.79 level, establishing it as a crucial pivot point for future price action.<\/p>\n

Technical Analysis Highlights<\/h2>\n

SOL established a well-defined support zone between $125-127, which successfully rejected multiple downside attempts.<\/p>\n

The price demonstrates strong resiliency, recovering 4.5% from its April 16th low of $123.64 to $135.57, establishing a clear uptrend.<\/p>\n

Canada launched the first spot Solana ETFs<\/a> in North America on April 16, issued by asset managers including 3iQ, Purpose, Evolve, and CI, boosting institutional interest.<\/p>\n

Solana has reclaimed the top spot in DEX activity, surpassing Ethereum after a 16% gain over seven days, with total value locked (TVL) increasing by 12% to $7.08 billion.<\/p>\n

Volume analysis shows particularly strong accumulation during the April 16th afternoon surge, with over 3 million units traded as the price broke through the $130 resistance level.<\/p>\n

The Fibonacci retracement from the April 14th high ($136.01) to the April 16 low suggests the recent rally has reclaimed the critical 61.8% level.<\/p>\n

In the final 100 minutes of trading, SOL experienced a significant downward correction, plummeting from $134.11 to $130.81, representing a 2.5% decline.<\/p>\n

The sell-off intensified around 14:03-14:07, when volume spiked dramatically to over 92,000 units during a single-minute candle.<\/p>\n

A strong resistance zone at $133.50-$133.60 rejected multiple recovery attempts.<\/p>\n

A notable breakdown occurred at the $132.00 support level, triggering cascading liquidations.<\/p>\n

Prices have now retraced beyond the 78.6% Fibonacci level, suggesting potential continuation toward the $125-127 support zone if bearish momentum persists.<\/p>\n

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards<\/a>. For more information, see CoinDesk\u2019s full AI Policy<\/a>. This article may include information from external sources, which are listed below when applicable.<\/p>\n

External References:<\/p>\n

“Solana\u2019s Cost Basis Shifts Sharply: $129 Emerges as a Key Pivot Zone<\/a>,” published April 16, 2025.\u200b<\/p>\n

NewsBTC, “Solana Retests Bearish Breakout Zone \u2013 $65 Target Still In Play?<\/a>” published April 17, 2025.\u200b<\/p>\n

Cointelegraph, “Why Is Solana Price Up This Week?<\/a>” published April 12, 2025.\u200b<\/p>\n

CryptoPotato, “Solana (SOL) Jumps by 7% Daily, Bitcoin (BTC) Eyes $85K Again (Market Watch)<\/a>,” published April 17, 2025.<\/p>\n

Cointelegraph, “Solana Price Is Up 36% From Its Crypto Market Crash Lows \u2014 Is $180 SOL the Next Stop?<\/a>” published April 16, 2025.\u200b<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Global economic tensions and trade policy uncertainties continue to create volatility in the crypto market, with SOL navigating these challenges better than many alternatives. Solana token’s price rose more than 4% on Thursday, while the broader market gauge, CoinDesk 20, rose about 3%. The $125-$127 range for SOL has emerged as a critical support zone […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22605","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22605"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22605\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}